Ord 1972-038 - Laserfiche WebLink

Home Browse Search

I I I I I THENCE North 56 deg. 54 min. 54 sec. East, continuing along the said southeasterly right-of-way line of the M.K.&T. Railroad, a distance of 196.53 feet to a point for corner; THENCE South 09 deg. 25 min. 00 sec. East, parallel to and 340.00 feet east of the said east right-of-way line of Northcraft Street, a distance of 369.90 feet to a point for corner; THENCE South 80 deg. 35 min. 00 sec. West, a distance of 180.00 feet to a point for corner; THENCE North 09 deg. 25 min. 00 sec. West, parallel to and 160.00 .feet east of the said east right-of-way line of Northcraft Street, a distance of 290.00 feet to the PLACE OF BEGINNING and containing 1.3613 acres of land. TO HAVE AND TO HOLD the above-described premises, together with all and singular the rights and appurtenances thereto in ari~qise belonging, unto the said Grantee, its successors and assigns forever. . This Deed is made and executed upon and is subject to certain express conditions and convenants, said conditions and covenants being a part of the consideration for the property hereby conveyed and are to be taken and construed as running with the land and upon the continued observance of which and each of which, 'with t.l1e sole exception of covenants numbered FIRST and FIFTH, the con- tinued existence of the estate hereby granted shall depend, and the Grantee hereby binds itself and its successors, assigns, grantees, and lessees forever to these covenants and conditions, which covenants and conditions are as follows: PI RST : to public and Renewal Plan, upon the said indicated: The Grantee shall devote the property hereby conveyed semi-public use only as defined in the approved Urban and agrees to construct the following ~~provements parcels for the estimated costs and by the dates (1) Construction of a Municipal Police Courts Building be completed by June 30, 1973 at an estimated cost of $200,412.00, financing contingent in part upon a grant from the Texas Criminal Justice Council. Said improve- ments to be constructed upon disposition parcel lA-2. (2) Construction of a swimming pool and park complex to be completed by December 31, 1973, at an estimated cost of $579,876.55 to be funded in part by a grant by the Department of HUD. Said swimming pool and a portion of the park complex to be constructed upon disposition parcel ll-LB. SECOND: The Grantee Shall pay real estate taxes or assess- ments on the property hereby conveyed or any part thereof when due and shall not place thereon any encumbrance or lien other than for temporary and permanent financing of construction of the Improvements on the property hereby conveyed as provided for in the ~nd Amended Cooperation Agreement dated the 3iL day of ~~ ~ , 1972, between the parties hereto and as provided h re~n, and for additional funds, if any, in an amount not to exceed the consideration herein specified, and shall not suffer any levy or attachment to be made or any other encumbrance or lien to attach until the Grantor certifies that all building construc- tion and other physical improvements specified to be done and made by the Grantee have been completed; THIRD: The Grantee shall commence promptly the construc- tion of the aforesaid Improvements on the proPerty hereby conveyed in accordance with the said Second Amended Cooperation Agreement -3-